Daily Forecast – Share Market – May 30th, 2016

Market is positive | Heading for 8200 Nifty point level 

Venus, Moon and Jupiter all auspicious planets are in command with Mercury and Saturn retrograde. Indications are that market is in positive mood, but Saturn retrograde and Mars retrograde is giving indications that for a while profit booking from upper level can be possible. But overall planets are indicating for positive moves can be seen in the market or better to say with positive mood market may move. Profit booking from the upper levels is a part of trading.

Media, IT, transport, communication etc. with travels and tourism can be doing better. I feel Petroleum, insurance, banks and financial institutions are better looking segments with mix moves in Pharmaceuticals.

Engineering, metals and related segments can be doing better.

Keep a watch on Judiciary related decision or government’s announcement in coming days.

I am cautious because Venus is close to total combustion in coming days.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.